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Henrywaters

[SHORT] Bitcoin going down before it goes up

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Market Cap USDT Dominance, % (CRYPTOCAP:USDT.D)  
Henrywaters  
CRYPTOCAP:USDT.D   Market Cap USDT Dominance, %
Trend Analysis Support and Resistance bitcoinprice BTCUSD BTCUSDT bitcoinlong bitcoinprediction bitcoinmarkets btcusdanalysis btcusdbuy
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trendanalysis supportandresistance bitcoinprice btcusd btcusdt bitcoinlong bitcoinprediction bitcoinmarkets btcusdanalysis btcusdbuy
As you can see on the USDT dominance chart using the pmarp indicator on the weekly time frame USDT dominance is on its way up. This is a great sign of capitulation within Bitcoin. There are is now many millions of dollars worth of outflows for Bitcoin ETFs. The IBIT ETF has not received any new inflows for two business days and other ETFs for Bitcoin have received outflows of millions.
It's about time for this correction to play out.
Penafian

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